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03 Jul 10 Direct Marketing – An Influential Business Marketing Strategy

Small businesses have budget constraints and the big businesses need a wide customer base to sustain their products or services in the market. In both the cases business marketing strategy has to be carefully chalked out to reap maximum benefit. Direct marketing may sound customary, but a mix of traditional and modern marketing techniques, prove it to be most effective.

Traditional – Direct Mail Marketing

Direct mail marketing has been the most traditional mode of marketing. The fact that it has not yet been replaced by the electronic media has strengthened its effectiveness. Even today consumers prefer traditional mails to e-mails when it comes to promotional campaigns or business re-orders.

It is cost-effective as mails in bulk can be sent to existing or prospective customers. Also, it is convenient enough to send mails at regular intervals. The personalized essence of the direct mail campaign can be retained by using dedicated software too.

Moreover, it is easy to keep a track of the interaction between the business organization and its customers through mails. Reminders, follow-ups and building on past relations prove effective through mail marketing.

Modern – Article Marketing

Article marketing in terms of direct marketing refers to getting SEO oriented articles, pertaining to the business, published on the web. These articles serve as the medium for relation building between the business website and the prospective customers.

Keywords form the backbone of such articles which represent the business and its products or services. Such niched articles make their presence on home pages, blogs, forums, and social networking sites with links to the main business website. The website in-turn receives enhanced exposure through link building.

Article marketing ensures that the business reaches target audience through search engines and article directories.

Whatever be the size of the business, marketing is bound to give it a boost if strategized tactfully. Direct marketing not only personalizes the business ties with the existing customers, but also increases the prospective customer base.

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16 Jun 10 Radio Advertising Copywriting

Radio advertising has come a long way, going through the tumultuous ride of changes. It has become crisp, humorous, and very smart. Radio advertising has also turned the wheel of innovation laced with creativity. As a result many leading brands are opting for radio advertising nowadays.

Radio script turns very interesting depending upon the product/service or the social message it wants to communicate. The advertisement is guided by the marketing strategy. Once the advertising agency or freelance copywriter is done with the script, the production studio takes charge of the production.

To get into radio advertisement script writing one needs to know few basic facts of radio advertising copywriting.

Some advertisements are kept conversational, where the announcer or the radio jockey reads out the advertisement as an announcement. Such advertisements are generally informative in nature declaring sale or forthcoming event. Social messages may also be communicated in the same way. Since such ads are not entertaining in nature, choice of words and voice modulation are very important. Such advertisements are quite affordable as radio stations make production their cost very nominal.

Script of all radio ads have basic similar structure – beginning establishing context, middle convincing about the benefits and reason to purchase, and end which establishes call to action and important mandatory facts like contact information and last date of offer.

Radio advertising is constantly challenged by its inability to build a visual connection. Thus it’s quite important for the radio advertiser to make even more attention grabbing, creative, and effective ads. Interesting script, good jingle, and unconventional communication may be helpful.

Radio is a light medium of indirect attention. So light humor, entertainment, emotions do wonder in radio. Being indirectly effective medium people show less attention towards radio listening and the attention span is also quite short. Thus ads should be short and crisp.

Radio ads seldom pick up current societal topics, events, trends and news. So staying abreast with the ongoing social happenings is very important for the writer. Radio ads are often like a testimony ad, where a professional or a user suggests the product or talks about his/her own experience. Dramatic radio ads which nicely portray slice of life are also a good option.

Ads can be completely musical, that’s jingle. When the ad is jingle, it is the responsibility of the writer and the music director to come up with an interesting piece of song. It can be remix of old music or a new music altogether. Punch lines and naming the brand are very important signing off lines. While finishing the communication message reminder of the brand name and tagline should be kept in mind.

Radio advertising doesn’t have any set rules. Whatever sounds good, builds connection, grabs attention works well.

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10 Jun 10 Product Mix

Product Mix is a combination of product lines and individual products manufactured and marketed by a company to generate brand awareness, enjoy increased market share and accelerated turn over.

A product line is a group of products within the product mix which are similar in nature either in terms of function or are targeted towards same group of customers, are marketed through same types of retail outlets or fall within the same price bracket. Within the product line each products are individually distinguishable by size, price, appearance, shape, package etc. As for example, a soap manufacturer offers various soaps; which constitute its product mix. Within the product mix of soaps, fruit extract rich soap may be a particular product line. Within the fruit extract rich product line peach soap may be one particular soap item, which is distinct in terms of color, composition and fragrance. At these levels product decisions are of two types – width (variety) and depth (assortment) of the product line. Product depth (assortment) of the product mix is the number of products included within each product line, whereas product width (variety) refers to the number of product lines the company has.

Every successful organization has a defined and very well optimized product mix. Product manager, along with marketing head looks after the product portfolio. Product mix decisions are many like – reviewing the existing product mix on regular basis, addition of new lines of products and deletion of obsolete existing lines of products, determining relative importance of product lines, measuring impact of changes in one product line on other existing product lines within the product mix, forecasting impact of prospective market changes on the company’s product mix, allocating the needful resources to individual products or a particular product line as per the marketing strategy.

Brand manager takes care of the marketing mix decision of the product mix. An effective marketing mix plan is much needed for the success of the product lines. Marketing mix plan for a new product is extensive, encompassing all areas of marketing mix – product conceptualization, product development, product pricing, product distribution strategy and lastly product promotion through various means.

Analysis of product mix helps to forecast company’s profit and loss. Assessment is done in terms of measuring the opportunity in a particular industry or market which may include industry growth and potential investment attractiveness. Product manager also sees company’s ability to exploit the opportunity on basis of its position in the market.

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